Monday broker round-up UPDATE
10th Jun 2013 07:34
ASOS: HSBC Holdings increases target price from 3660p to 4380p and keeps an overweight rating. Bellway: Deutsche Bank raises target price from 1482p to 1503p and reiterates a hold recommendation. Betfair Group: Citi ups target price from 880p to 950p, upgrading from neutral to buy. Capco: UBS inc
Read moreExpress Gifts drives growth at Findel
5th Jun 2013 09:26
Home shopping, educational and healthcare business Findel has unveiled its results for the 52 weeks ended March 29th showing rises in profit, revenue and earnings per share. Total group revenue grew by 8.0% to £580.6m, with continuing operations excluding the Healthcare division (which was sold aft
Read moreFindel trading in line, disposal talks continue
8th Apr 2013 07:13
Home shopping, educational and healthcare business Findel said its full year performance is expected to be in line with expectations as it holds board talks on the disposal of its healthcare unit. The group, which announced a conditional agreement to offload its healthcare division in March, said i
Read moreFindel unveils proposed disposal of healthcare division NRS
19th Mar 2013 09:13
Findel, the general merchandise supplier to the home, education and healthcare sectors, has entered into a conditional agreement to dispose of its Healthcare division (NRS) to LDC. The gross consideration payable upon completion will be £24.0m in cash, comprising a payment of £22.6m to Findel and a
Read moreFindel plunges despite encouraging update
23rd Jan 2013 07:31
Shares of home shopping education supplies company Findel tumbled despite its assurance that it remains on the path to recovery in a difficult environment. The West Yorkshire based firm said total sales since the half-year to January 22nd 2013 rose 10.2% from the previous year, up from 7.7% in the
Read moreFindel down after cautious update
27th Nov 2012 10:39
Findel, the home shopping and education materials supplier, took a hit after the firm said it was yet to see a sustained Christmas pick-up and was cautious about the remainder of the year. However, the firm said in the last six months it had made progress with its turnaround plan. Overall revenue
Read moreFindel sales rise as turnaround continues
3rd Oct 2012 08:05
Home shopping, educational and healthcare business Findel said its turnaround actions helped it report a 7.9 per cent increase in first half sales, and while spending pressures remain, it is confident of further progress. Its largest business Express Gifts continued to deliver a strong sales perfor
Read moreFindel packs up its losses in its old Kitbag
12th Jun 2012 08:27
Findel, the home shopping and education materials supplier, says restructuring costs and goodwill write-downs led to much heavier losses. The company operates a portfolio of catalogue and online retailers, including Kitbag and 24studio. Around half their customers use credit agreements to make pur
Read moreChristmas sales sparkle at Findel
18th Jan 2012 07:55
Multi channel retailer Findel said second half sales rose 4.5% after a stellar performance from its largest business Express Gifts over the Christmas period. The home shopping, education supplies and healthcare markets company, said sales at Express Gifts for the 15 weeks to January 17 jumped 11.1%
Read moreYoung & Co's retail director sells more than just a few pints
6th Dec 2011 15:57
Patrick Dardis, the retail director at Young & Co's Brewery, can afford to buy more than a round of drinks after selling £29,995-worth of shares. Dardis, who joined the AIM-50 listed firm in 2002, sold off 4,411 shares at 680.00p each, less than two weeks after Young & Co.'s said it has made a ver
Read moreSecond day of sales for Reckitt Benckiser director
1st Dec 2011 13:55
Peter Harf, the deputy chairman of the board at Reckitt Benckiser, has once again sold millions of pounds worth of shares in the firm, totalling £23m in just three days. The company insists the director, who has occupied his position since 1999, isn't going anywhere just yet. "He's made the sale
Read moreReckitt Benckiser director sells £13.3m of shares
30th Nov 2011 16:52
The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm. Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107. Towards the end of October the firm, which makes a number
Read moreWednesday broker round-up - UPDATE
30th Nov 2011 09:42
Weir: UBS increases target from 2,400p to 2,500p, buy rating kept. BG Group: Nomura ups target from 1,750p to 1,850p, buy rating unchanged. BHP Billiton: Investec reiterates buy rating and 1,919p target. International Power: Nomura cuts target from 410p to 390p, buy recommendation kept. Sage: In
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
Read moreFindel delivers paltry sales rise
4th Aug 2011 13:38
Findel, the home shopping group behind the cleaning products brand Kleeneze and supplier of education products, said sales so far this year are just 1% ahead of last year's. The group admits that the external environment remains challenging resulting in some pressure on margins, although these wer
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